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The Growth Of Gross Domestic Product
Part 1 of Paper
....alistic edifice, has brought a perceptible change in the Indian economy. The growth in real Gross Domestic Product (GDP) during the last three years, i.e. during 1994-1997, ranged from 7.2% to 7.5%. The current year, 1997-98 is an exception at 5%. While growth in industry averaged 9.5% during the same period, it is dow.... Part 2 of Paper
.... measured by the Whole Sale Price Index, decreased from 10.4% in 1994-95 to 5.0% in 1995-96 and has been hovering around this figure till date. Consistent with this, broad money M-3 targeted to grow by 15% to 15.5% during 1997-98, shot up to 17% in the same year.
The balance of payments situation in 1997-98 remained sound. The current account deficit fell to about 1.0 % of GDP in 1996-97, reflecting mainly the slow down in industrial growth and investment and growth of net invisibles. In 1997-98.... |
| Number of words: 1062 - Approximate pages: 4 |
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